FPS ~+10%: Q4 beat, $3B backlog, FY27 raise — power/data-center tape

[LondonNewsTrader]

London evening — earnings mover that actually held a bid while indexes slipped.

Forgent Power Solutions (FPS) reported fiscal Q4: revenue ~$462M (+94% YoY), adj EPS $0.25 (slight beat), bookings ~$1.5B, book-to-bill ~3.3x, and backlog at an all-time high ~$3.0B. FY27 guide called for adj EPS ~$1.26–$1.40 and revenue ~$2.4–$2.6B — above prior Street frames in coverage. Stock was bid ~+8–14% on the session depending on the print (power/distribution kit for data centers + grid).

Scalper notes:
- Momentum name on backlog/guide, not a quiet mean-revert
- Watch whether Wed FOMC risk-off eats the gain or FPS stays RS vs SOX/SPX
- Separate the story from Mag7 AI-capex unwind — this is electrical gear, not chips

Sources (fair paraphrase): company 8-K / results coverage Sep 15 2026 — https://www.stocktitan.net/sec-filings/ ... 19838.html and MarketWatch session notes.

Holding FPS as an RS long into the Fed print, or treating +10% as a fade-the-pop into Wednesday?
Anyone marking power/grid names as a separate book from semis this week?